CLAREMONT, Calif., Jan. 05, 2016 (GLOBE NEWSWIRE) -- Kiwa Bio-Tech Products Group Corporation (OTCBB:KWBT) report today Kiwa has commenced discussions with Joyvio (Beijing) Agricultural Investment Management Co., Ltd. (“Joyvio”) relative to the joint development of safe agricultural products in China. The two parties agreed to initial steps for the cooperative venture, including exchange of documentation, development of a strategic plan and financial projections.
Joyvio is a subsidiary of Joyvio Group, an agricultural group company which has financial backing of the Lenovo Group. Joyvio has already joined hands with Beidahuang Group for the to cultivation and sale of safely-produced rice to the high-end consumers. In this regard, Joyvio has already included Kiwa’s fertilizer products within their production chain and now plans to launch in-depth discussions with Kiwa concerning cooperation in additional areas.
Kiwa’s CEO, Jimmy Zhou said that Kiwa’s products were valued by Joyvio, and that this in turn provides an excellent opportunity for the use of Kiwa’s fertilizers in China’s large agricultural planting bases. With Joyvio entry into China’s agricultural industry, it intends to rapidly expand into the development of high-end commercial fruit products. The introduction of Kiwa’s fertilizer products into this production chain will improve the quality of Joyvio’s agricultural products and help Joyvio comply with the applicable food safety requirements. The cooperation between Joyvio and Kiwa should not only benefit Joyvio, but also support the implementation of Kiwa’s business strategy.
About Kiwa Bio-Tech Products Group Corporation
We develop, manufacture, distribute and market innovative, cost-effective and eco-friendly bio-technological products for agriculture. Our main product groups are bio-fertilizer, biologically enhanced livestock feed. Our products are designed to enhance the quality of human life by increasing the value, quality and productivity of crops and decreasing the negative environmental impact of chemicals and other wastes. Our businesses include bio-fertilizer and bio-enhanced feed.
Kiwa’s new strategy is to implement top-vision planning for marketing Kiwa’s current bio-fertilizer products, along with the construction of a “green agriculture” safe food platform in China. Our goal is to build market trust in our Kiwa brand, gradually entering China’s trillion dollar “green” agricultural produce market.
For more information on Kiwa and its products, please refer to the website at www.kiwabiotech.com or the Company filings with the United States Security and Exchange Commission, available for free at www.sec.gov.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.